OverviewSuggest Edit

The Volvo Group is a company that manufactures trucks, buses, construction equipment as well as marine and industrial engines. It also provides financing, rental, preventive maintenance, and other related services. The company focuses on automation, material technology, electric vehicles, and other areas. The Volvo Group operates a range of brands, including Volvo, UD Trucks, Terex Trucks, Renault Trucks, Prevost, etc.
TypePublic
Founded1927
HQGöteborg, SE
Websitevolvogroup.com
Employee Ratings4.2
Overall CultureC-

Latest Updates

Employees (est.) (Dec 2020)96,194(-7%)
Revenue (FY, 2019)KR432 B(+11%)
Share Price (Sept 2021)KR189
Cybersecurity ratingBMore

Key People/Management at Volvo Group

Martin Lundstedt

Martin Lundstedt

Director, President and CEO
Jan Gurander

Jan Gurander

Deputy CEO
Diana Niu

Diana Niu

Executive Vice President Group Human Resources
Roger Alm

Roger Alm

President, Volvo Trucks
Johan Bartler

Johan Bartler

Director, Investor Relations
Bruno Blin

Bruno Blin

Executive Vice President Volvo Group, President Renault Trucks
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Volvo Group Office Locations

Volvo Group has offices in Göteborg, Greensboro, Hagerstown, Wacol and in 21 other locations
Göteborg, SE (HQ)
Gropegårdsgatan 2
Wacol, AU
36 Viking Dr
Brussel, BE
Luxemburgstraat 3
Gent, BE
Smalleheerweg 29
Gent, BE
Smalleheerweg 31
Sint-Agatha-Berchem, BE
Hunderenveldlaan 10
Show all (31)

Volvo Group Financials and Metrics

Volvo Group Revenue

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Volvo Group's revenue was reported to be kr431.98 b in FY, 2019 which is a 10.5% increase from the previous period.
SEK

Revenue (FY, 2019)

432.0b

Revenue growth (FY, 2018 - FY, 2019), %

10.5%

Gross profit (FY, 2019)

105.1b

Gross profit margin (FY, 2019), %

24.3%

Net income (FY, 2019)

36.5b

EBIT (FY, 2019)

49.5b

Market capitalization (9-Sept-2021)

386.4b

Closing stock price (9-Sept-2021)

189.0

Cash (31-Dec-2019)

61.5b

EV

482.7b
Volvo Group's current market capitalization is kr386.4 b.
Annual
SEKFY, 2017FY, 2018FY, 2019

Revenue

334.7b390.8b432.0b

Revenue growth, %

11%17%11%

Cost of goods sold

254.6b303.5b326.9b

Gross profit

80.2b87.4b105.1b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q4, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019

Revenue

77.4b88.4b77.2b91.7b89.1b103.6b92.3b105.8b107.2b120.7b98.7b105.4b

Cost of goods sold

57.8b67.0b59.0b70.8b67.8b78.2b69.8b87.7b80.5b91.1b74.5b80.8b

Gross profit

19.5b21.4b18.2b21.0b21.3b25.5b22.5b18.1b26.7b29.6b24.3b24.6b

Gross profit Margin, %

25%24%24%23%24%25%24%17%25%25%25%23%
Annual
SEKFY, 2017FY, 2018FY, 2019

Cash

36.1b46.9b61.5b

Accounts Receivable

40.8b41.9b37.7b

Inventories

52.7b65.8b56.6b

Current Assets

199.0b234.7b282.2b
Quarterly
Annual
SEKFY, 2017FY, 2018FY, 2019

Depreciation and Amortization

18.4b20.6b6.1b

Inventories

(7.5b)(12.4b)5.0b

Accounts Payable

11.1b5.9b(3.3b)

Cash From Operating Activities

37.6b31.2b39.0b
Quarterly
SEKQ1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Depreciation and Amortization

4.2b8.4b12.5b4.2b9.3b13.6b5.0b10.1b14.5b

Inventories

(4.5b)(6.8b)(8.0b)(6.7b)(11.2b)(13.8b)(6.0b)(3.3b)(1.2b)

Accounts Payable

2.0b7.4b3.6b4.8b7.9b516.0m3.3b3.8b(9.2b)

Cash From Operating Activities

8.6b19.9b22.1b3.0b12.2b15.6b1.9b12.8b18.3b
SEKQ1, 2017

Debt/Equity

1.4 x

Debt/Assets

0.3 x

Financial Leverage

4 x
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Volvo Group Operating Metrics

Q1, 2017Q2, 2017Q3, 2017Q4, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018Q4, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019Q4, 2019FY, 2019

Countries (Manufacturing Sites)

181818

Markets

190190190

Units Delivered (Heavy-duty Trucks)

36.76 k44.08 k39.88 k51.24 k171.96 k43.75 k50.96 k46.13 k53.05 k193.89 k49.64 k56.24 k46.4 k46.21 k201.09 k

Units Delivered (Medium-duty Trucks)

3.55 k3.76 k3.31 k3.71 k14.33 k3.52 k3.85 k2.91 k3.79 k14.07 k3.34 k3.38 k2.69 k3.18 k12.7 k
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Volvo Group Acquisitions / Subsidiaries

Company NameDateDeal Size
AB Volvo Penta
JSC Volvo Vostok
Kommersiella Fordon Europa AB
Sotrof AB
UD Trucks Corporation
VFS Int Romania Leasing Operational
VFS Latvia SIA
VFS Servizi Financiari Spa
VNA Holding Inc.
Volvo Automotive Finance (China) Ltd.
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Volvo Group Revenue Breakdown

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Volvo Group revenue breakdown by business segment: 8.6% from Buses, 76.8% from Trucks and 14.5% from Other

Volvo Group revenue breakdown by geographic segment: 6.0% from Africa and Oceania, 37.9% from Europe, 7.2% from South America, 18.5% from Asia and 30.4% from North America

Volvo Group Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Volvo Group Online and Social Media Presence

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Volvo Group Company Culture

  • Overall Culture

    C-

    62/100

  • CEO Rating

    D-

    55/100

  • Compensation

    D+

    55/100

Learn more on Comparably

Volvo Group News and Updates

Volvo Group – the second quarter 2021

“During Q2 2021, demand for the Volvo Group’s products and services continued to be good. Net sales amounted to SEK 90.6 billion and we delivered an adjusted operating income of SEK 9.7 billion. In a quarter when shortages of semiconductors as well as other production materials resulted in substanti…

Invitation to the Volvo Group report on the second quarter 2021

The Volvo Group report for the second quarter 2021 will be published on July 20, 2021, at 7.20 a.m. CEST. There will be a conference call for press and analysts starting at 9.00 a.m. CEST.

Volvo Group, Daimler Truck and the TRATON GROUP plan to pioneer a European high-performance charging network for heavy-duty trucks

Gothenburg, Sweden / Munich, Germany / Stuttgart, Germany – The three leading commercial vehicle manufacturers Volvo Group, Daimler Truck and the TRATON GROUP have signed a non-binding agreement to install and operate a high-performance public charging network for battery electric heavy-duty long-ha…

Volvo Penta starts production of E-driveline for world’s first serial electric fire truck

Volvo Penta has commenced production of bespoke electric drivelines for leading fire service vehicle manufacturer Rosenbauer’s pioneering fire truck, named “Revolutionary Technology” (RT).

New York City Department of Sanitation to purchase seven Mack® LR Electric models

Volvo Group’s subsidiary Mack Trucks announced today that the New York City Department of Sanitation (DSNY) plans to purchase seven Mack® LR Electric refuse models, which will operate in each of the city’s boroughs. Mack made the announcement during WasteExpo 2021, June 28-30 at the Las Vegas Conven…

Press release from Extraordinary General Meeting in AB Volvo

AB Volvo held an Extraordinary General Meeting on June 29, 2021. The Meeting resolved, in accordance with the Board of Director’s proposal, that an extra distribution of SEK 9.50 per share should be paid to the shareholders.
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Volvo Group Blogs

Invitation to the Volvo Group report on the first quarter 2020

The Volvo Group Report on the first quarter 2020 will be published on April 23 2020 at 7

Update on the Volvo Group’s financial reporting 2020

In accordance with accounting standard IFRS 5, the UD Trucks global business was on December 31, 2019 reclassified as assets and liabilities held for sale

Volvo provides an update on the current situation in respect of COVID-19 and postpones the Annual General Meeting

The Board of Directors of AB Volvo has decided to postpone the Annual General Meeting given the uncertain and accelerating developments in the wake of COVID-19

AB Volvo’s Board of Directors withdraws proposal of extra dividend, maintains ordinary dividend

In light of the general uncertainty and the measures taken to slow down the spread of Covid19 and their effects on the Volvo Group, the Board of Directors of AB Volvo has decided to maintain the proposal to the Annual General Meeting on April 8, 2020 of an ordinary dividend of SEK 5

Update on the impact from Covid-19 on the Volvo Group

The consequences of the Covid-19 outbreak is affecting the Volvo Group, and there is a considerable risk of a material financial impact on the Group as from mid-March

Heavily reduced programme at AB Volvo’s Annual General Meeting April 8, 2020

The Public Health Agency of Sweden (Folkhälsomyndigheten) has upgraded the risk of spread of the new corona virus in Sweden and the Swedish government has decided not to allow public gatherings collecting more than 500 individuals
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Volvo Group Frequently Asked Questions

  • When was Volvo Group founded?

    Volvo Group was founded in 1927.

  • Who are Volvo Group key executives?

    Volvo Group's key executives are Martin Lundstedt, Jan Gurander and Diana Niu.

  • How many employees does Volvo Group have?

    Volvo Group has 96,194 employees.

  • What is Volvo Group revenue?

    Latest Volvo Group annual revenue is kr432 b.

  • What is Volvo Group revenue per employee?

    Latest Volvo Group revenue per employee is kr4.5 m.

  • Who are Volvo Group competitors?

    Competitors of Volvo Group include Isuzu, Penske Automotive Group and Navistar.

  • Where is Volvo Group headquarters?

    Volvo Group headquarters is located at Gropegårdsgatan 2, Göteborg.

  • Where are Volvo Group offices?

    Volvo Group has offices in Göteborg, Greensboro, Hagerstown, Wacol and in 21 other locations.

  • How many offices does Volvo Group have?

    Volvo Group has 31 offices.